Flexible Spending Accounts
What you need to know
FSAs allow you to set aside money from your paycheck on a pretax basis to pay for qualified health care and/or dependent care costs. Partners are not eligible to contribute to an FSA. Available to employees only.
Types of FSAs Available to You
HealthEquity is the firm’s FSA administrator. The types of FSAs available to you are the following:
General Purpose Health Care FSA
If you are enrolled in the BCBS Blue Care Elect Preferred PPO Plan, you may participate in this account and use pretax dollars to pay for eligible medical, vision, and dental expenses.
Limited Purpose Health Care FSA
If you are enrolled in the BCBS Blue Care Elect Saver HDHP, you can participate in this account and use tax-free dollars for eligible dental and/or vision expenses. Participation in this FSA also allows you to contribute to an HSA and maximize those pretax funds for medical expenses or investing for the future.
Dependent Care FSA
This account allows you to use pretax dollars to be reimbursed for eligible child care for dependents under age 13 or adult day care for a disabled spouse or an adult whom you claim as a dependent.
Key Provisions for 2025
The following table summarizes the key provisions of our FSA programs for 2025.
• Prescription copays
• Deductibles
• Coinsurance
• Deductibles
• Coinsurance
• Nursery school
• Nanny, au pair, babysitter
• Providers for disabled dependent or spouse
Your spouse, if mentally or physically incapable of caring for him/herself
Any other person who is your qualified IRS dependent, who is mentally or physically incapable of caring for him/herself